John Bellows, Western Asset, shares his thoughts on James Bullard's comments on central bank policies and conditions the Fed would need to see to prompt an interest rate hike. And James Bullard, St. Louis Fed president, weighs in on monetary policy.

It’s becoming more expensive to ship crude by rail amid the oil collapse and that’s making it attractive for refiners to import oil rather than have it shipped by rail. CNBC’s Morgan Brennan reports the details.